Business roundup: Supervalu switches up management
MINNEAPOLIS — Supervalu's new CEO, Sam Duncan, on Monday named new presidents to head up the company's Save-A-Lot hard-discount grocery chain and the Shop 'n Save regional chain.
He also announced three additions to executive management as well as three departures.
Ritchie Casteel was named president and CEO of Save-A-Lot, replacing Santiago Roces. Casteel has 40 years of experience in retail, including more than 30 years with the Albertsons grocery chain.
Eric Hymas was named president of Shop 'n Save, replacing Marlene Gebhard. Hymas, who started his career with Albertsons, was most recently Supervalu's senior vice president of merchandising.
Added to the executive ranks were:
— Mark Van Buskirk as executive vice president of merchandising and marketing. He comes from Kroger.
— Rob Woseth as executive vice president, chief strategy officer. He comes from Albertsons.
— Steve Fox as senior vice president, food merchandising. He comes from Fred Meyer, a division of Kroger.
Leaving Supervalu mid-month will be: Kevin Holt, president of Supervalu Retail; Tim Lowe, executive vice president of merchandising; and Michael Moore, executive vice president and chief marketing officer.
Andersons, Consolidated announce stock dividends
Two companies of area interest have declared quarterly dividends.
Mattoon-based Consolidated Communications Holdings declared a quarterly dividend of 38.7 cents per share on its common stock. The dividend is payable May 1 to stockholders of record on April 15.
The Andersons, based in Maumee, Ohio, announced a cash dividend of 16 cents per share on its common stock. That dividend is payable April 22 to shareholders of record on April 1.
In East Central Illinois, The Andersons has grain handling and storage facilities in Champaign and Mansfield.